AT&T touts its momentum, but competitors are moving aggressively into fiber as well, raising the stakes in the U.S. broadband market
AT&T has reached a key milestone in its national fiber expansion, surpassing 30 million locations passed with fiber broadband. The achievement comes ahead of schedule and signals the company’s intent to double down on a converged fiber-and-wireless growth strategy. According to CEO John Stankey, the telco is now halfway to its goal of reaching approximately 60 million fiber locations by 2030.
But while AT&T touts its momentum, competitors T-Mobile and Verizon are moving aggressively into fiber as well — raising the stakes in the U.S. broadband market.
Lumen buy and PRIME FiBER partnership
In May, AT&T announced a $5.75 billion all-cash deal to acquire Lumen’s Mass Markets fiber business, adding about 1 million customers and 4 million locations across 11 states. The transaction is expected to close in the first half of 2026.
Specifically, AT&T will acquire Lumen’s last-mile mass market fiber assets and “associated network elements in central offices”, plus “substantially all” of Lumen’s non-enterprise fiber customers, which will be transitioned over time to become AT&T Fiber customers.
Alongside acquisitions, AT&T continues to build fiber organically and through open-access partnerships. Its collaboration with PRIME FiBER, announced earlier this year, recently expanded into Arizona, targeting suburbs of Phoenix like Peoria and Sun City. These partnerships allow AT&T to extend its network to underserved areas without bearing the full cost of construction, while re …
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